COMMENTS, BOOK REVIEWS, AND DISCUSSION by Jeffrey Frankel
Black Swans: A Comment on 'Financial Cycles: What? How? When?” by Stijn Claessens, M.Ayhan Kose and Marco Terrones,' NBER International Seminar on Macroeconomics, De Nederlandsche Bank , Amsterdam, 19 June, 2010. slides.
Comment on “Market
Response to Policy Initiatives During the Global Financial Crisis,” by Aït-Sahalia,
Andritzky, Jobst, Nowak and Tamarisa,
Conference on Global Dimensions of the
Financial Crisis, Federal
Reserve Bank of New York,
June 5, 2010.
Comments on: “Determinants and effects of export diversification in Cape Verde and Mozambique: A contribution towards assessing successes in West and Southern African economic communities,” by Jorge Braga de Macedo, Luis Brites Pereira and Manuel Caldeira Cabral, slides. For Economic Research on African Development Successes, NBER, Pre-conference, Feb.28, 2009.
Comments on “The euro: It can’t happen, It’s a bad idea, It won’t last. U.S. economists on the EMU, 1989-2002,” by Lars Jonung & Eoin Drea. Euro at 10, ASSA meetings, San Francisco, January 3, 2009.
Comments on Joshua Aizenman papers on "The Sustainability of Large Current Account Imbalances in China and Globally: Size Matters” Capital Flows Behind Global Imbalances, ASSA meetings, San Francisco, January 4, 2009.
Comments on “Collateral Damage: Trade Disruption and the Economic Impact of War,” by Reuven Glick and Alan Taylor, NBER National Security meeting, organized by Martin Feldstein, July 25, 2008. Pwrpt. Slides.
Comments on “Firm-Size Distribution and Cross-country Income Differences,” by Laura Alfaro, Andrew Charlton and Fabio Kanczuk, 31st annual International Seminar on Macroeconomics, Bank of Slovenia, Ljubljana, June 20, 2008. (Univ. of Chicago Press).
“Comments on Cline and Williamson’s ‘Estimates of the Equilibrium Exchange Rate of the Renminbi?’,” in China’s Exchange Rate Policy, edited by Morris Goldstein and Nicholas Lardy, Peterson Institute for International Economics, Washington DC, 2008.
Comments on “Credibility, Commitment and Regulation, by Dieter Helm,” in The Natural Resources Trap, edited by Bill Hogan and Federico Sturzenegger, 2010 (MIT Press: Cambridge MA), p.325-330. Draft for Conference on Populism and Natural Resources, Harvard University, 2007.
“Comment on ‘China’s Current Account and Exchange Rate,’ by Yin-Wong Cheung, Menzie Chinn and Eiji Fuji,” in China’s Growing Role in World Trade, edited by Rob Feenstra and Shang-Jin Wei (University of Chicago Press, 2010).
“Comments" Nov. 2007, on "The simple geometry of transmission and stabilization in closed and open economies," by Giancarlo Corsetti and Paolo Pesenti,” NBER International Seminar in Macroeconomics 2007, R.Clarida and F.Giavazzi, eds. (University of Chicago Press, Chicago, 2008).
“Global Imbalances and Low Interest Rates: An Equilibrium Model vs.a Disequilibrium Reality, Comments in response to the paper by R.Caballero, E.Farhis & P.Gourinchas (AER 2008)". Comments written for BIS Annual Research Conference, Brunnen, Switzerland, June 19-20, 2005. KSG RWP06-035. Revised 2006.
My comments on "The Euro's Trade Effects," ECB WP 594, March 2006, by Richard Baldwin. For What Effects is EMU Having on the Euro Area and its Member Countries?" European Central Bank, Frankfurt, 16 June, 2005. Forthcoming.
on Dooley and Garber, “Is it 1958 or 1968? Three Notes on the Longevity of
the Revived Bretton Woods System,”
Brookings Panel on Economic Activity,
no.1, 2005, 19 -204.
"Is Slovakia the Next Portugal? A Comment on 'Is Poland the Next Spain?' by Francesco Caselli and Silvana Tenreyo," in NBER International Seminar on Macroeconomics 2004, edited by Richard Clarida, Jeffrey Frankel, Francesco Giavazzi and Kenneth West (MIT Press: Cambridge MA), 2006.
Comments on: "The Euro, Stabilization Policy, and the Stability and Growth Pact or Can Rubinomics work in the Eurozone?" by Adam S. Posen. In The Euro at Five: Ready for a Global Role? edited by Adam Posen, 2005. Originally presented at Conference on the Euro at Five, Institute for International Economics. (Accompanying PowerPoint presentation)
Comments on Bosworth and Collins, “The Empirics of Growth: An Update” Brookings Panel on Economic Activity, September 4-5, 2003.
"Comment on ‘Towards a Statutory Approach to Sovereign Debt Restructuring: Lessons from Corporate Bankruptcy Practice around the World,’ by Patrick Bolton," IMF Staff Papers, 50, 2003.
“Foreword,” to The Economics of Exchange Rates, Lucio Sarno and Mark Taylor. Cambridge University Press: Cambridge UK, 2002
“Economic Policy in Japan and East Asia,” in Monetary Stability and Economic Growth: A Dialog Between Leading Economists, edited by Robert Mundell and Paul Zak, Edgar Elgar Publ.: Cheltenham, UK, and Northampton, MA, 2002.
"Comments on The Current State of the Japanese Economy and Remedies," in Asian Economic Papers 1, no. 2 , Spring 2002 (MIT Press), 127-129.
"Comment on Lane and Milesi-Ferretti" NBER Macroeconomics Annual 2001, Vol. 16, edited by Ben Bernanke and Ken Rogoff..
"The Crusade for Free Trade: Evaluating Clinton’s International Economics Policy," Foreign Affairs, March/April, 2001. A Review of The Wind of the Hundred Days: How Washington Mismanaged Globalization by Jagdish Bhagwati.
"Comments on ‘Full Dollarization: The Case of Panama’ by Goldfajn and Olivares,"LACEA, Rio de Janeiro, October 2000; Published in Economia,Journal of the Latin American Economic Association,Volume 1, Number 2, Spring 2001, pp. 141-152(Washington, DC: Brookings Press).
"Comment of Caballero 'Structural Volatility in Latin America'," Panel meeting, May 12-13, 2000. Published in Economia, Journal of the Latin American Economic Association, Volume 1, Number 1, Fall 2000, pp. 89-107 (Washington, DC: Brookings Press).
"Soros' Split Personality," Foreign Affairs, 78, no. 2, 1999, 124-130.
"Comment on Bordo, Eichengreen and Irwin: 'Is Globalization Today Really Different Than Globalization a Hundred Years Ago?'" Brookings Trade Forum 1999 (Washington, DC: Brookings Institution), edited by Susan Collins and Robert Lawrence, 1999.
"Comment on Desai and Hines: 'Excess Capital Flows and the Burden of Inflation in Open Economies,'" Feb. 20, 1997, Federal Reserve Bank of New York; in The Costs and Benefits of Price Stability, edited by Martin Feldstein (Chicago: University of Chicago Press) 1999.
Review of New Dimensions in Regional Integration, Jaime de Melo and Arvind Panagariya, editors (Cambridge, UK, and New York: Cambridge University Press) 1993; paperback edition 1995; for the Journal of Comparative Economics 1996, 23, 335-338.
"A Comment on Tax Policy and the Activities of Multinational Corporations," in Fiscal Policy: Lessons from Economic Research, edited by Alan Auerbach (Cambridge, MA: MIT Press), 1997, 447-452.
"Comments on Brad De Long's 'Cross-Country Variations in National Economic Growth Rates: The Role of "Technology" '," in Technology and Growth, edited by Jeffrey Fuhrer and Jane Sneddon Little, Federal Reserve Bank of Boston, 1996.
"Concerted Interventions and the Dollar: An Analysis of Daily Data," in The International Monetary System in Crisis and Reform: Essays in Memory of Rinaldo Ossola, edited by P.Kenen, F.Papadia and F.Saccomani, Cambridge University Press, Cambridge UK, 1994, 242-247; and (in Italian), in Il Sistema Monetario Internationazionale tra Crisi e Riforme: Saggi in Memoria di Rinaldo Ossola, Bologna: Societa Editrice il Mulino, 434-443.
" 'Excessive Deficits: Sense and Nonsense in the Treaty of Maastricht'; Comments on Buiter, Corsetti & Roubini," Economic Policy 16, April 1993, 92-97 (Centre for Economic Policy Research, London).
"The Issues" and "International Policy Coordination Reconsidered," in International Monetary Issues after the Cold War: A Conversation Among Leading Economists, Claremont Monetary Conference, Randall Hinshaw, editor, Johns Hopkins Press, Baltimore, 1993.
"Trade Policy Issues Between South Korea and the United States," in The Impact of Recent Economic Developments on U.S./Korean Relations and the Pacific Basin, Joint Korea-U.S. Academic Symposium Vol. I, L.Krause and C.Ow-Taylor, eds., U.C. San Diego and Korea Economic Institute of America, 1991, 112-115.
"Thoughts on the Financial, Monetary, and Economic Integration of Portugal into Europe in 1992," in Portugal and the Internal Market of the EEC, Luis Miguel Beleza and Jose da Silva Lopes, eds., Banco de Portugal, Lisbon, 1991, 187-191.
"Zen and the Art of Modern Macroeconomics: The Search for Perfect Nothingness," in Monetary Policy For a Volatile Global Economy, W. Haraf and T. Willett, eds., American Enterprise Institute, Washington, D.C., 1990. Reprinted in On Exchange Rates, MIT Press, 1993.